Crown Castle: Q3 Earnings Snapshot
By AP News
Published - Oct 16, 2024, 04:14 PM ET
Last Updated - Dec 16, 2024, 06:16 PM EST
HOUSTON (AP) — HOUSTON (AP) — Crown Castle International Corp. (CCI) on Wednesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations.
The real estate investment trust, based in Houston, said it had funds from operations of $801 million, or $1.84 per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.80 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
